English version

junior debt

From Longman Business Dictionaryjunior debtˈjunior debt [uncountable]FINANCE debt that a borrower in financial difficulty will not repay until after other debts are repaid, or of which it will only repay a smaller percentageThe senior lender may require that no repayment of the junior debt whatsoever be made at any time until the senior debt is repaid in full. debt
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